Occam's Razor: For some reason he can't sell them. We just don't know what those reasons are. Lots of people can speculate, but the reality is that we don't k

Occam's Razor: For some reason he can't sell them. We just don't know what those reasons are. Lots of people can speculate, but the reality is that we don't know. The ones I've heard mentioned are: 1. He is dead 2. He cannot sell them without risking his anonymity 3. He lost them (machine crash / re-install) 4. He treated the early mined coins as test data and deleted them 5. If Satoshi starts dumping, then the market will definitely crash. If the public believe that Satoshi has lost faith in BTC then everyone is going to want to sell too. It is like putting a gun to the head of his own child and pulling the trigger. Whether or not he really has 1,000,000 BTC is also debatable I believe. Often people quote this figure as the bulk of the early coins that were mined, and make the assumption that Satoshi was the only one mining. Nobody really knows which addresses Satoshi really owns. It is all "educated" guesswork.